Anastasiia Krivenok / Getty Images An HSA provides a flexible and effective tool for handling health care expenses and building long-term savings. Key Takeaways Women face unique challenges requiring a customized financial security plan at all life stages. A health savings account (HSA) is a tax-advantaged savings account that can double as retirement savings once an account holder reaches 65. When used correctly, HSAs can save money, boost retirement savings, and improve financial security. With ...

Core Insights - A recent survey by Fidelity International and the UK's National Institute of Ageing Innovation (NICA) reveals that 42% of individuals aged 50 and above globally face a retirement savings gap of at least ten years [1] Group 1: Retirement Planning - In the Asia-Pacific region, retirement planning participation is notably high, with Taiwan (85%), Singapore (81%), and Hong Kong (79%) showing the highest engagement [1] - Major financial concerns among Asia-Pacific respondents include rising medical costs, unexpected major expenses, inflation, and insufficient savings [1] Group 2: Investment Preferences - The willingness to explore new investment opportunities is higher among Asia-Pacific respondents compared to other regions [1] - Despite the interest in new investments, cash savings remain the primary investment method globally for 64% of individuals aged 50 and above, followed by stocks (33%) and bonds (20%) [1] - In the Asia-Pacific region, the proportion of cash savings is even higher at 76% [1]